Codexis (CDXS) Operating Expenses (2010 - 2026)
Codexis (CDXS) posted Operating Expenses of $26.1 million for Q2 2026, up 12.25% on a QoQ basis from $23.3 million in Q1 2026, and down 7.26% year-over-year from $28.2 million in Q2 2025.
Analysis
Codexis (CDXS) Operating Expenses (2010 - 2026) Analysis & Trends
Codexis has reported Operating Expenses for 17 years, with the latest figure at $26.1 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 7.26% year-over-year to $26.1 million in Q2 2026; TTM through Jun 2026 was $105.3 million, a 7.93% decrease from a year earlier, with the FY2025 full-year figure at $112.1 million, down 4.87% from the prior year.
- Operating Expenses was $26.1 million for Q2 2026 at Codexis, up from $23.3 million in the prior quarter.
- The five-year high for Operating Expenses was $45.1 million in Q3 2022, with the low at $23.3 million in Q1 2026.
- Average Operating Expenses over 5 years is $32.8 million, with a median of $29.2 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 60.83% in 2022, then slumped 39.76% in 2023.
- Over 5 years, Operating Expenses stood at $43.6 million in 2022, then plunged by 39.76% to $26.3 million in 2023, then advanced by 9.59% to $28.8 million in 2024, then declined by 1.55% to $28.4 million in 2025, then retreated by 7.8% to $26.1 million in 2026.
- The last three Operating Expenses figures came in at $26.1 million (Q2 2026), $23.3 million (Q1 2026), and $28.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 224.20 Bn | 220.14 Bn | 8.34 Bn | 9.91 Bn |
| 2 | Danaher | 142.51 Bn | 138.16 Bn | 3.61 Bn | 2.48 Bn |
| 3 | Agilent Technologies | 40.40 Bn | 38.64 Bn | 1.04 Bn | 1.43 Bn |
| 4 | Illumina | 30.73 Bn | 29.57 Bn | 770.00 Mn | 525.00 Mn |
| 5 | Revvity | 13.63 Bn | 12.61 Bn | 416.87 Mn | 327.55 Mn |
| 6 | Bio-Techne | 11.27 Bn | 11.01 Bn | 211.39 Mn | 137.12 Mn |
| 7 | Bio-Rad Laboratories | 10.01 Bn | 8.39 Bn | 345.80 Mn | 273.20 Mn |
| 8 | Repligen | 9.21 Bn | 8.20 Bn | 110.04 Mn | 190.15 Mn |
| 9 | 10x Genomics | 8.67 Bn | 8.12 Bn | 112.50 Mn | 132.05 Mn |
| 10 | Codexis | 129.75 Mn | 74.83 Mn | 11.40 Mn | 26.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.14 Mn |
| Mar 31, 2026 | 23.29 Mn |
| Dec 31, 2025 | 28.36 Mn |
| Sep 30, 2025 | 27.55 Mn |
| Jun 30, 2025 | 28.19 Mn |
| Mar 31, 2025 | 28.03 Mn |
| Dec 31, 2024 | 28.80 Mn |
| Sep 30, 2024 | 29.39 Mn |
| Jun 30, 2024 | 30.71 Mn |
| Mar 31, 2024 | 28.96 Mn |
| Dec 31, 2023 | 26.28 Mn |
| Sep 30, 2023 | 41.34 Mn |
| Jun 30, 2023 | 33.95 Mn |
| Mar 31, 2023 | 36.65 Mn |
| Dec 31, 2022 | 43.63 Mn |
| Sep 30, 2022 | 45.11 Mn |
| Jun 30, 2022 | 41.02 Mn |
| Mar 31, 2022 | 43.73 Mn |
| Dec 31, 2021 | 34.89 Mn |
| Sep 30, 2021 | 35.44 Mn |